NEXO and 7RCC Global are set to introduce the NEXO 7RCC Spot Bitcoin and Carbon Credit Futures ETF, targeting a market thriving with over 36 billion USD in inflows this year. This fund will allocate 80% to Bitcoin and 20% to carbon credits.
On December 20, Nate Geraci announced the S-1 amendment filing with the SEC for the new ETF. This product aims to integrate ESG principles, seeking regulatory approval to launch soon, potentially attracting many eco-conscious investors.
This venture signifies a pivotal shift towards blending sustainability with cryptocurrency investment. Kalin Metodiev of NEXO stated that this aligns financial growth with environmental responsibility, showing commitment to benefiting future generations.